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Essilor International SA Acquires Costa Inc.

Friday, 8 Nov 2013 01:48am EST 

Essilor International SA and Costa Inc. (Costa) announced the signature of an agreement for the acquisition of all outstanding shares of Costa Inc., a U.S. high-performance sunglasses company, which designs, assembles and markets sunglasses under the Costa and Native brands. This acquisition will enable Costa to leverage the Company's experience in surface coatings to develop new products in response to specific needs, such as anti-fog or hydrophobic lenses. In the prescription sunglasses segment, Essilor International SA and Costa will work together to broaden product offerings. Financial details of the acquisition were not disclosed.